best example, and just imagine if nafta says, for instance, could veto america's national budget or if mexico could veto america's national budget. that's the scope of what angela merkel is talking about. needless to say, there are some countries that are not very fond of that idea. france and spain being two of them. essential there are a lot of points of contention here at this euro zone summit, but it is a very, very important one for the future of the common european currency, michael. >> you make a good point. it's worth getting that context from you. it is an interconnected world. we've already seen the european economic crisis affect china's economy because europeans aren't buying as much from china, and, of course, europe is the u.s.'s biggest trading partner. how does all of this flow on through the world markets? the u.s. economy. >> it would be huge for the u.s. economy is one of the these government wooz fail. if a country like spain would fall part, that would have massive reprecussions that would really make the legal leman catastrophe look like a storm. why the european leaders